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2006-2014 Experience Adjustments to the 2013 IDI Valuation Table Claim Termination Rates | SOA

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2006-2014 Experience Adjustments to the 2013 IDI Valuation Table Claim Termination Rates

Authors

Bob Beal, Actuary, FSA, MAAA
Milliman – Retired

Jay Barriss, FSA, MAAA
General Reinsurance

Tom Corcoran, FSA, MAAA
Willis Towers Watson – Retired

Laurie Fede, FSA, MAAA
Mass Mutual

Tasha Kahn, Actuary, FSA, MAAA
Milliman

Tracy Koch, FSA, MAAA
Principal

Description

The Society of Actuaries Individual Disability Experience Committee has completed their study of claim termination experience for the period 2006-2014 and has produced a report that provides a practical set of changes to the claim termination rates (CTRs) of the 2013 Individual Disability Income Valuation Table to reflect key industry individual disability income (IDI) claim experience trends over this time period. The goal was to have the resulting 2006-2014 IDIET in a workable format to facilitate its implementation.

Report 

2006-2014 Experience Adjustments to the 2013 IDI Valuation Table Claim Termination Rates

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